Fintech
barq closes $329.5M Series A at a $1.85bn valuation
The SAMA-licensed payments app was founded in 2023 by former stc pay CEO Ahmed Alenazi.
From the archiveRiyadh-based fintech barq has closed a $329.5M Series A at a $1.85bn valuation. Noon Investments, Sohar International Bank and M20 Fund took part in the round.
barq is licensed by the Saudi Central Bank and offers payments and money transfers through its app. The company says the funds will go into product development, new financial services and entry into further regional and international markets.